Fedex and UPS have a new rival on their doorstep: Amazon

The stock increased 1.23% or $0.32 during the last trading session, reaching $26.67.

Shares of Amazon were up just less than 1% in early trading Friday. It has outperformed by 17.07% the S&P500.

It is unclear if the service will look more like UPS or FedEx with uniformed drivers in branded trucks, or Amazon's Flex delivery program with independent contractors using their vehicles to drop off packages.

Amazon expects to roll out the new delivery service in Los Angeles in coming weeks with third-party merchants that sell goods via its website, according to the people. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 9, 2017 and is uptrending. It has outperformed by 2.32% the S&P500. Read our cover story on why stocks sold off and what you should do now. Therefore 81% are positive. PTC had 48 analyst reports since July 30, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Visa Inc. The stock of PTC Inc.

Analysts at Cowen and Co. Citigroup maintained FedEx Corporation (NYSE:FDX) on Thursday, May 19 with "Buy" rating. The rating was downgraded by Zacks on Monday, September 7 to "Sell". They set a "neutral" rating for the company.

In related news, COO David J. Bronczek sold 46,555 shares of the firm's stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80.

In the initial trial of the service, the person briefed on the plan said, Amazon will still rely on its current network of couriers, like UPS, FedEx and the Postal Service, to get orders from its warehouses to customers.

Investors sentiment decreased to 1.04 in 2017 Q3.

FDX has been the subject of a number of recent research reports. North Star Asset Management reported 32,503 shares. Becker has 3,491 shares. North Mgmt Corp stated it has 4,308 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh invested in 13,636 shares or 0.13% of the stock. Winslow Evans And Crocker Inc invested in 200 shares. Its down 3.86% from 10.11M shares previously. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. Bb&T invested in 11,038 shares.